Finally, in July 2018 Australia will remove the double taxation of transactions on cryptocurrencies like Bitcoin. However, Australians are taxed twice for digital currency. For both goods and services

Bitcoin is a form of cryptocurrency that can be used to purchase everything from online goods to multi-million dollar mansions. They are currently more valuable than gold, with a single Bitcoin equalling

Australia has officially confirmed it will treat Bitcoin “just like money” from this year and it will no longer be subject to double taxation. In its budget summary for 2017-18, the government states that